We encourage our candidates to start researching all available financial options, saving and making the necessary plans to ensure that they have sufficient resources to finance the course as early as possible.
Financing your MFin is a major commitment, and an early application can help with securing financing, funding or bursaries. This is because many scholarships are awarded early in the year. You will need to have an MFin offer in place before you can apply for them.
The fees for the Master of Finance for 2021/22 are:
*Estimated living expenses will be higher if you are bringing dependents. We recommend that you should budget an additional £7,880 for a dependent adult and an additional £4,770 for each dependent child.
There is an application fee payable of £120.
We will ask you to demonstrate that you have funds to cover your accommodation costs and living expenses during your MFin (September to June). This cost is approximately £14,830.
Additional accommodation and living costs will apply if you decide to stay in Cambridge for the summer term (July and August)
You should also consider whether there are additional costs such as:
- Set-up costs like buying a laptop, a UK mobile phone, a bike etc
- Travel to and from Cambridge.
- Utility bills if you decide to live in private accommodation
Payment schedule and expenses
You must send us your tuition fee in three instalments. The first two instalments act as non-returnable deposits, with the third instalment paying off the remainder of the tuition fee. The table below outlines the fee payment schedule:
Fee payment schedule
Instalment 1: The first instalment of fees is due within one month of receiving your conditional offer
10 per cent of tuition fee
Instalment 2: Due by 1 June or when your unconditional offer is made (whichever is the latest)
20 per cent of tuition fee
Final instalment (i.e. total fee minus instalments 1 and 2). Due by the beginning of September (following your receipt of our invoice)
Remaining 70 per cent balance of tuition fees
How students finance their Master of Finance
Below shows how the MFin class of 2020/21 funded the programme:
- Personal savings: 44%
- Family savings: 28%
- Loans: 11%
- Scholarships: 9%
- Employer Sponsorship: 8%
Various scholarships are available to Master of Finance students. These range from Cambridge Judge Business School bursaries and University of Cambridge and College scholarships to external funding.
If you need financial assistance with fees through scholarships, it’s essential to apply for the Cambridge MFin early.
In addition to the funding sources listed in this section, we advise you to explore all types of potential funding opportunities open to you. Consider employer sponsorship and loan and scholarship opportunities in your own country.
|MFin Programme Scholarships||Varies each year but awards are usually from £5,000 to £15,000.||All those who are offered a place on the programme maybe considered. Awards are academic merit and needs based.||Rolling until awarded|
|St Catharine’s College Benavitch Scholarship||£10,000||All candidates with a first class degree or GPA over 3.7.
You will need to specify St Catharine’s as your college preference and apply to be a member of this College in order to be considered for this scholarship.
|25 February 2021|
|The Central Bank Scholarship||Varies but normally around 20 per cent of the MFin tuition fee. The central bank will need to make a matching scholarship contribution.||Applicants must work at Central Banks or other ‘Official Sector’ organisations, and must return to their employer on completion of the MFin. This scholarship is intended mainly for emerging economy institutions.||Rolling until awarded|
|LIFE Lebanon Scholarship||£12,000 towards tuition fees||Candidates must demonstrate exceptional academic merit, be ordinarily resident in Lebanon and demonstrate a desire to use the skills gained from the MFin in Lebanon after graduation. Preference will be given to candidates in financial need.||TBC|
|Scholarship||Amount||Eligibility||Find out more|
|British Council Scholarships||Varies||Candidates from approximately 160 countries are eligible to apply.||Find out more|
|British Marshall Scholarships||Tuition fees, various living expenses, airfares to and from the US||US citizens who are graduates of US universities and graduated with a GPA of 3.7 or above after April 2018.||Find out more|
|Cambridge Society Bombay Scholarships||Up to Indian rupees 250,000||Candidates domiciled in the Indian states of Gujarat, Maharashtra and Goa who have secured admission at a college at the University of Cambridge for undergraduate, postgraduate or short duration courses.||Find out more|
|Chevening Scholarships||Varies from part to full funding||Applicants must be resident in their home country at the time of their application, and must return to that country on completion of the programme.||Find out more|
|Colfuturo Scholarship/Loan||Up to US$25,000||Colombian citizens over 25 years of age who must be bilingual and have at least one year of work experience. Candidates must return to Colombia within one year of finishing their programmes in order to qualify for a scholarship comprising a 50% waiver of the loan.||Find out more|
|The Fulbright Commission Postgraduate Award||Tuition and maintenance||Awards for US citizens to study in UK.||Find out more|
|General Sir Monash Awards||AU$70,000||Australian citizens||Find out more|
|Jean Monet Scholarship Programme||Varies||Turkish citizens.||Find out more|
|SIM-You Poh Seng Scholarship||Up to SGD 100,000 for tuition fees and study allowance.||Singaporeans with a 2:1 or above and strong leadership skills.||Find out more|
|Rotary International Global Grants||Up to US$30,000||Citizens of countries in which there are Rotary Clubs.||Find out more|
Please note: this list of external scholarships is not exhaustive. We recommend you research whether organisations in your country provide scholarships or loans for those studying an MFin.
While we aim to ensure accuracy, these scholarships are not administered by Cambridge Judge Business School. You must contact the organisations directly for more detailed information.
The Prodigy Finance Loan Programme is available to help you finance your Master of Finance programme at Cambridge Judge Business School.
The Lendwise Loan Programme is available to help you finance the Master of Finance programme at Cambridge Judge Business School. Once you have been offered a place on the programme you can apply directly for a loan through Lendwise’s website.
The StepEx Future Earnings Agreements Programme is available to help you finance the Master of Finance programme at Cambridge Judge Business School. Once you have been offered a place on the programme you can apply directly for finance through StepEx’s website.
The Future Finance Loan Programme is available to help you finance the Master of Finance programme at Cambridge Judge Business School. Once you have been offered a place on the programme you can apply directly for a loan through Future Finance’s website.
Applicants can submit application online up to six months prior to programme start.
For information on other loans available to University of Cambridge students, please see the University’s Graduate Admissions website.
- UK Government Postgraduate Loans
- UK Private Graduate Loans (Professional and Career Development Loans)
- Canadian Loans
- US Federal Loans
The University of Cambridge is not a lender and is not recommending, endorsing or in any way connected with the above loan providers or their products. The University is providing this for information without guarantee of accuracy. We recommend that candidates investigate all financing options available to them, including local options.